Advanced Economics and Institutions - Interactive curriculae of TU Ilmenau

The interactive curriculae provide information on the degree programmes offered by the TU Ilmenau.

Please refer to the respective study and examination rules and regulations for the legally binding curricula (Annex Curriculum).

You can find all details on planned lectures and classes in the course catalogue.

Please note that this page is no longer updated. All modules and study plans from PO version 2021 onwards (Bachelor and Master study programs) are now available on the Campus Portal.

module properties Advanced Economics and Institutions in degree program Master International Business Economics 2024
module number	201213
examination number	2500642
department	Department of Economic Sciences and Media
ID of group	2541 (Economic Theory)
module leader	Prof. Dr. Oliver Budzinski
term	winter term only
language	Englisch
credit points	10
on-campus program (h)	45
self-study (h)	255
obligation	obligatory module
exam	written examination performance, 90 minutes
details of the certificate	written exam of 90 minutes
link to Moodle course
teacher	Prof. Dr. Budzinski, Oliver; Prof. Dr. Grebel, Thomas; Jun-Prof. Dr. Mendelsohn, Juliane
signup details for alternative examinations
maximum number of participants
previous knowledge and experience	Foundations of Microeconomics
learning outcome	Upon successful completion of the learning process of this course, students are able to: recognize competitive interaction in realistic market environments (oligopolies; presence of competition rules and regulatory institutional frameworks); present and explain theories of advanced modern economics; assess theoretical and empirical problems in economics and institutions on a high academic level; provide a scientific analysis of current topics and problems of economics including a sound and theory-driven pro and con analysis; apply scientific methods to purpose-designed problems of the economy and derive expert-level conclusions; understand and interpret state-of-the-art economic literature and put them into context of self-researched institutional conditions; reflect upon the institutional framework of the economy and its interrelation to the political and social system. By building up competences in the working mechanisms of economic, political and legal institutions in Europe and Germany, this module contributes to both the business-economics content of the program and to the society-related goals of the program (supporting the development of students to become responsible citizens).
content	1. Introduction 2. Markets and Competition: The Kaleidoscopic World of Oligopolies (Budzinski) 3. Governance and Markets in the short run (Grebel) 4. Governance and Markets in the medium run (Grebel) 5. Money, Inflation/Deflation, and Economics Crisis (Budzinski) 6. Institutions and the Interface between the Economy and the Law (Mendelsohn) The module requires careful preparation and self-repetition of lecture contents. Furthermore, intensive self-study based upon lecture materials and literature (a literature list will be provided in the lecture) is part of the regular contents of this course. This includes to follow the economic developments in Europe and the world by self-study.
media of instruction and technical requirements for education and examination in case of online participation	PowerPoint slides; group work; case studies; exercises
literature / references	Lecture slides and accompanying material are available via Moodle. Literature is announced via Moodle.
evaluation of teaching